Part of the debate – in the House of Lords at 3:31 pm on 28 February 2002.
My Lords, I support both noble Lords who have already spoken in pressing for time to be given to a debate on this subject. I hope very much that the Minister will speak to his noble colleagues in the usual channels, just as I shall speak to mine, in order to press that case.
Does the noble Lord agree that if we are to have growth and stability in Europe, the level of the currency and whether we are to join the euro, which we debated earlier, will be only one factor in determining whether growth and stability come about? This White Paper, whether or not one agrees with everything in it, deals with the other factors which will be crucially important; that is, the way the labour markets work, the way the capital markets work, and, indeed, Europe's place within the world. Therefore, given the importance of all those issues within the context of the development of the EU, I return to my first point: we should have more time in which to discuss the matter.